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110 S 16th Street

Lafayette, IN 47905
  • $349,900
  • STATUS: Active
  • ON SITE: 39 Days
  • MLS #: 202540185
Open House
UPDATED: 84 min ago
$349,900
  • 3
    BEDS
  • 0.02
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,360
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1910
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing provided by Jessica Collaco of Keller Williams Lafayette: Agt: 818-648-7130.

Description

MOTIVATED SELLER! Live, work, and invest-all in the same property! The possibilities are endless with this rare opportunity to own a well-established lawn mower repair shop along with 2 rental units. Use your business savvy to bring out the full potential in this property. Unit 1 is a 1 bedroom efficiency,that has rented for $600 monthly. Unit 2 is a 3 bedroom, 1 bathroom space with washer/dryer hookups that has rented for $1500. With some renovations, those rents could increase. Seller is willing to train new owner to run the mower shop or it can be cleared out so you can reimagine a new possibility. Tenants can walk Downtown or catch a quick bus to Purdue.Acquire this property individually, or package it with the adjacent duplex at 1602 Grove--don't miss your chance to shape a corner of this developing area and maximize your investment potential.

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© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Data last updated: 2025-11-12T10:28:06.667.

www.felecialivingstonrealestate.com/homes/168519564
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110 S 16th Street Lafayette, IN 47905

  • Price: $349,900
  • Status: Active
  • On Site: 39 Days
  • Updated: 84 min ago
  • MLS #: 202540185
3
Beds
2
Baths
0
½ Baths
0.02
Acres
1,360
SQFT
$257
$/SQFT
1910
Built
Neighborhood:
None
County:
Tippecanoe
Area:
Tippecanoe
Elementary School:
Thomas Miller
Middle School:
Sunnyside/Tecumseh
High School:
Jefferson
School District:
Lafayette
Property Description
MOTIVATED SELLER! Live, work, and invest-all in the same property! The possibilities are endless with this rare opportunity to own a well-established lawn mower repair shop along with 2 rental units. Use your business savvy to bring out the full potential in this property. Unit 1 is a 1 bedroom efficiency,that has rented for $600 monthly. Unit 2 is a 3 bedroom, 1 bathroom space with washer/dryer hookups that has rented for $1500. With some renovations, those rents could increase. Seller is willing to train new owner to run the mower shop or it can be cleared out so you can reimagine a new possibility. Tenants can walk Downtown or catch a quick bus to Purdue.Acquire this property individually, or package it with the adjacent duplex at 1602 Grove--don't miss your chance to shape a corner of this developing area and maximize your investment potential.
Exterior Features

Architectural Style TraditionalConverted House Driveway Concrete Exterior Vinyl Fence None Location City/Town/Suburb Lot Description Corner Lot Dimensions 50x 132 Outbuilding None Parking Public Parking Spaces 2 Pool YN No Roof Material RubberShingle Sea Wall Type None Style One and Half Story Water Features None Waterfront YN No

Interior Features

Above Grade Bedrooms 3 Above Grade Finished Sqft 1360 Above Grade Unfin Sq Ft 0 Amenities Ceiling FanStorageCountertops-LaminateDetector-SmokeEat-In KitchenWater Heater Gas Basement Foundation Partial Basement Basement Material Block Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 0 Cooling Wall AC Dishwashers 0 Disposals 0 Dryers 1 Flooring CarpetWood Heating Fuel GasForced Air Microwaves 0 Ranges Ovens 2 Refrigerators 2 Rooms Below Grade 0 Total Baths 2 Total Below Grade Sqft 0 Total Sq Ft 1360 Unit1 Bathrooms 1 Unit1 Bedrooms 1 Unit1 Sq Ft 453 Unit2 Basement YN Yes Unit2 Bathrooms 1 Unit2 Bedrooms 3 Unit2 Sq Ft 1003 Wash Dry Hookups 1 Washers 1

Property Features

Annual Electric Expense 0 Annual Fuel Expense 0 Annual Gross Rent 27000 Annual Insurance Expense 0 Annual Maint Expense 0 Annual Misc 0 Annual Net Income 18577.15 Annual Property Tax 7122.85 Annual Trash Expense 0 Annual Water Sewer Exp 1300 Assoc Dues Frequency Not Applicable Auction Y / N No Buildings 1 Common Amenities Sidewalks Documents Available Aerial PhotoFloor PlanLBP FormLegal DescriptionSellers DisclosureZoningZoning Restrictions Efficiencies 1 Electric Meters 1 Exemptions No Exemptions For Sale Or Rent For Sale Four Bedrooms 0 Gas Meters 1 Gross Monthly Income 2250 Gross Monthly Rent 2250 Lease Term 1 Year New Construction No One Bedrooms 0 Owner Pays AlarmBuilding InsuranceElectricHeatingLawn MaintenanceMaintenanceSewerTrash CollectionWater Owner Real Estate License YN No Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Duplex Proposed Financing CashOther Reo YN No Sale Includes BuildingBusinessLandOther Sewer City Tenant Pays Cable Three Bedrooms 1 Township Fairfield Two Bedrooms 0 Unit1 Unit Rent 750 Unit2 Unit Rent 1500 Unit2- Currently Rntd Y / N No Unit2- Garage Y / N No Units Rented 0 Water Meters 1 Water Utility City Year Taxes Payable 24 pay 25

Listing provided by Jessica Collaco of Keller Williams Lafayette: Agt: 818-648-7130.

© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty.


© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Data last updated: 2025-11-12T10:28:06.667.

 
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Keller Williams Realty
Lafayette, West Lafayette
and Kokomo IN,
Listing provided by Jessica Collaco of Keller Williams Lafayette: Agt: 818-648-7130.